As we wrote earlier this week, outside experts hired by Wells Fargo to examine its books are reportedly shocked at the bankâ€™s exposure to derivatives trades it took on when it acquired Wachovia, fearing these may trigger huge losses at the bank.And now Dick Bove is also worried about the bank, seeing a â€œvolcano, with numbers of tremors, that is possibly about to blow.â€

Don't look too close...The current WeathaIn mathematics you don't understand things. You just get used to them. Johann von NeumannWe're all frinkin' doomed The Mogambo GuruIn the long run, we're all dead John Maynard KeynesIf voting changed anything, they'd make it illegal Emma GoldmanTime flies like an arrow; fruit flies like a banana G. Marx

For cryin' out loud, when I was growing up in the '70's we used run our sh*t into the ground.....no more shade tree mechanics...the only way a car ever made it to the junk yard was because of an accident that totaled the car

On "rare" occasion did a family have the 'jing to buy a new car.....and then everyone would stand around and admire the new baby

LOL here.

I am not as old as you, but I remember my high school days about 18+ years ago. There was the parking lot closer to the school where the teachers and staff parked. Then there was the pasture where the students parked which was full of cars that barely ran, parts held together by duct tape, bailing twine, or chicken wire, bad or missing mufflers, missing quarter panels etc.... I drove an old truck to school. Every morning I would have the hood up spraying ether into the carb to get it to start. If the truck sat more then ten hours this had to be done or you would wear the battery down trying to get the POS to start. I remember vividly trying to get this thing to start after a baseball game. I had poured too much ether, gasoline and Everclear (commercial moonshine) into the carb and caused a minor explosion in which the entire engine compartment caught fire. A friend of mine was turning her over and I was unfortunate enough to have my eyebrows singed but fortunate to have my face. Anyway, at the time, I felt lucky to even have a vehicle to drive. Heck, this POS didn't even have power steering, was a stick (which made it harder to drink beer and drive at the same time), vinyl seats (the girls hated it), backfired, and deiseled uncontrollably. For some reason, I liked this POS and it was much better than riding a bicycle.

Fastfoward to today:

The student parking lot of the local high school down the road is filled with new leased by the parent cars, BMW's, convertibles etc. A friend of the family had a daughter who began driving a few years ago. Her grandpa found a great deal on an old Honda Civic that was about ten years old but was in great condition. He bought the thing and gave it to her. She drove it for about one month and refused to drive it anymore because she was embarrassed, it was beneath her and probably clashed greatly with the other cars in the student parking lot. Eventually, her dad got her a newer, classier, car.

I watched a snail crawl along the edge of a straight razor. That's my dream; that's my nightmare. Crawling, slithering, along the edge of a straight razor... and surviving

THE International Monetary Fund will sell 403.3 tonnes of its gold reserves, worth an estimated $A15 billion, to provide loans to poor countries and shore up its finances.While the fund's executive board said it decided on Friday to sell its stocks in a way that would not disrupt commodity markets, gold prices are expected to be hit hard.

Probably not, according to Mr Sinclair. I will be sold to a government such as China at a negotiated price. 13 bil US is walking around money for the Chinese.

oops, except that what I meant was "although I think those classes that will continue to INFLATE will narrow considerably at some point in 2010." I typed deflate instead. Are you in concurrence with the former or the latter, having misunderstood my meaning in the misstatement of said meaning?

Knowwhadduhmean?

If your portfolio has you feeling irregular, for fast, long lasting relief, take a subscribatory. And support your local Stool!

I am not as old as you, but I remember my high school days about 18+ years ago. There was the parking lot closer to the school where the teachers and staff parked. Then there was the pasture where the students parked which was full of cars that barely ran, parts held together by duct tape, bailing twine, or chicken wire, bad or missing mufflers, missing quarter panels etc.... I drove an old truck to school. Every morning I would have the hood up spraying ether into the carb to get it to start. If the truck sat more then ten hours this had to be done or you would wear the battery down trying to get the POS to start. I remember vividly trying to get this thing to start after a baseball game. I had poured too much ether, gasoline and Everclear (commercial moonshine) into the carb and caused a minor explosion in which the entire engine compartment caught fire. A friend of mine was turning her over and I was unfortunate enough to have my eyebrows singed but fortunate to have my face. Anyway, at the time, I felt lucky to even have a vehicle to drive. Heck, this POS didn't even have power steering, was a stick (which made it harder to drink beer and drive at the same time), vinyl seats (the girls hated it), backfired, and deiseled uncontrollably. For some reason, I liked this POS and it was much better than riding a bicycle.

Fastfoward to today:

The student parking lot of the local high school down the road is filled with new leased by the parent cars, BMW's, convertibles etc. A friend of the family had a daughter who began driving a few years ago. Her grandpa found a great deal on an old Honda Civic that was about ten years old but was in great condition. He bought the thing and gave it to her. She drove it for about one month and refused to drive it anymore because she was embarrassed, it was beneath her and probably clashed greatly with the other cars in the student parking lot. Eventually, her dad got her a newer, classier, car.

HAHAA, I hear ya! I started driving in '94 and my first car was a white '79 Pinto with a blue front quarter panel and rust all over. Paid $150 for that thing and was proud as a peacock that I finally had my freedom. I went to a private high school and there were a lot of BMWs and Benz's in the parking lot. I got made fun of but never even cared, I loved that car. My next car after that was an '81 Corolla that I paid $500 for and drove it all through college. I'm in the market for a new car now and if I could get one of those back I would take it in a second for the nastalgic sake!

This should be replayed for this guy to listen to every time he goes in front of Congress and said he "saved the world" .....

UFB

and so long Dennis....

"I went out and bought an Apple Computer; it had a worm in it"....."When I was born, I was so ugly that the doctor slapped my mother"....'I played hide and seek; they wouldn't even look for me.'- Rodney Dangerfield My Blog

As the completely false war of republican versus democrat rages on the soapboxes of America, the real war - the war of where the money is in America - the war of the consumptionists versus the productionists rages unchecked.

And the Government is firmly in the side of the consumptionists

Thats where all the bail out money has gone - to fall street to re-inflate the consumptionist economy.

Its no surprise that the rally was lead by the banks -

The credit enablers - the consumption fuel providers - the captains and comanders of consumptionism - the leverage high rollers at the financial casino....and thank you for the credit congress.